Campaigns

SHAREHOLDER RIGHTS CAMPAIGN

Guaranteed Rights for Shareholders   In October 2014 ShareSoc launched a campaign to give full rights to ALL shareholders. In May 2018 we wrote to BEIS: click here for a copy of our joint letter from UKSA and ShareSoc to BEIS about SRD II. Our second step is to ask members to write to their MP requesting that Government implement the Shareholder Rights Directive’s clear intent that the end investor should be identified on the company register. Our third step is to ask a co-ordinated ...

ShareSoc Sirius Shareholders’ Group (SSSG)

CLARIFICATION It has been brought to our attention by Sirius that our original MP Template Letter contained certain inaccuracies. At the time of drafting the template, we had received the impression that Sirius had been negotiating the takeover with Anglo American for a year and a half, including the period covering the 15p open offer and placing. The company confirms, and we accept, that this was not the case. We would also like to clarify that our reference to a protracted marketing campaign by ...

EDGE Performance VCT Campaign

ShareSoc has launched a campaign to improve the performance of Edge Performance VCT Plc (consisting of H and I share classes) and reduce the fees charged by its investment manager, Edge Investments Limited. We are seeking shareholders to: collectively work together to persuade the incumbent directors to make various changes, vote to appoint new directors, vote against various resolutions at the upcoming General Meeting in February 2020. In addition, we seek to persuade Edge Performance VCT to agree a better deal with ...

Albion Venture Capital VCT Campaign

ShareSoc is very concerned by proposed changes to the Albion Venture Capital VCT (AAVC) fees charged by its investment manager Albion Capital. We therefore launched this campaign, seeking members to vote against various resolutions at the Albion Venture Capital AGM on 21 August 2019. In addition, we seek to persuade the Albion Venture Capital directors to agree a better deal with the investment manager. On 6 Feb 2020, Albion Venture Capital VCT announced via RNS a reduction in the performance fee. This ...

Beaufort Client Campaign

ShareSoc is appalled by the treatment of Beaufort client assets proposed by administrator PWC and the huge fees PWC intends to charge for their services. We have therefore launched this campaign, seeking to minimise the losses suffered by Beaufort clients and to minimise the time before clients regain access to their securities held by Beaufort. In addition we seek to protect the interests of all UK investors by improving the regulatory framework, so that client assets which are supposedly ringfenced are ...

Royal Bank of Scotland (RBS) Shareholder Committee Campaign

ShareSoc and UKSA have now paused this campaign because RBS are now engaging better with shareholders and have announced a programme of 4 events a year specifically focussed on engagement with individual shareholders. You can find further details here: RBS Shareholder Committee Campaign – Update 17 ShareSoc has advocated the implementation of Shareholder Committees since our inception in 2011. Recently this initiative has received support in the form of the Government's November 2016 Green Paper on Corporate Governance, and in the form of ...

VCT INVESTORS GROUP

Latest News 9 Sept 2019 There has recently been a flurry of activity on VCTs (after 2 years of relatively little activity), which show that ShareSoc can influence outcomes in VCTs. Ventus and Ventus 2: Shareholder resolutions were submitted by Nick Curtis, who is a ShareSoc Full member. We are supporting this campaign. A good article in Investors Chronicle was published. 1 director was voted off. None of Nick’s candidates were elected. Waiting to hear from Chairman what they plan to do. The ...

CAMPAIGN TO IMPROVE THE AIM MARKET

This campaign is aimed at improving the quality of the companies listed on the AIM market managed by the London Stock Exchange and reforming some of its operations so that investors are less likely to lose money as a result of investing in AIM companies. How the AIM Market Should be Improved This campaign was launched with a press release in June 2016 (although the problems of the AIM market have been long-standing). It said the following: The AIM market, which is run by ...

REMUNERATION – Why And How Directors’ Pay Should Be Improved

Directors’ pay is too high in many cases and needs to be reduced. High pay is looking increasingly like it is politically unacceptable and this may lead to a backlash of business regulation that will be detrimental to investors. This campaign is aimed at improving the quality of remuneration arrangements of the companies listed on the Main London stock market, and the AIM market managed by the London Stock Exchange, so that: i. investors are less likely to lose money as a result of investing ...

BLANCCO (BLTG)

Are you a shareholder in Blancco Technology Group plc (BLTG), listed on the AIM market? Or did you cease to be a shareholder in the company during 2017? If so, we would like to hear from you. Sharesoc is launching a campaign to have Blancco investigated by the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC). We have highlighted issues concerning the restatement of 2016 accounts that increased the previously reported loss by £1.5 million and the reversal of two ...